CCI Clears 360 ONE's Acquisition of UBS India Businesses
India’s fair trade watchdog, the Competition Commission of India (CCI), has approved 360 ONE Group’s proposal to acquire select businesses of Switzerland-based investment bank UBS AG.As per the announcement, 360 ONE Portfolio Managers Ltd will acquire the portfolio management services business of Credit Suisse Securities (India) Pvt Ltd, while 360 ONE Distribution Services Ltd will take over its stock broking and financial product distribution services. Credit Suisse Securities (India) is a step-down wholly owned subsidiary of UBS AG.Additionally, 360 ONE Prime Ltd will acquire a loan port..
DGML Kyrgyz Gold Project On Track for 2025 Launch
Deccan Gold Mines Ltd (DGML) announced on Tuesday that its flagship Altyn Tor Gold project in Kyrgyzstan has reached a major construction milestone and is set to commission its crushing and milling circuit in the second half of 2025.Situated in the mineral-rich mountains of Kyrgyzstan, the project is operated by Avelum Partners LLC, in which DGML holds a 60 per cent controlling stake. Once operational, it will be the first Indian-owned gold production facility in Central Asia.“With the ball mill foundation laid and fabrication of key equipment well underway, we remain on schedule for commiss..
BPCL Awards Rs 540 Million LPG Cylinder Supply Contract
State-owned Bharat Petroleum Corporation Ltd (BPCL) has awarded a Letter of Acceptance to The Supreme Industries Ltd for the supply of 200,000 units of 10 kg composite LPG cylinders. The contract, awarded through a competitive tender process, is valued at approximately Rs 540 million.The contract will remain valid for six months from the date of the Letter of Acceptance (LoA). According to the filing, BPCL reserves the right to extend or repeat the contract for an additional six-month period at its sole discretion.This substantial order underscores BPCL’s continued push towards enhancing saf..
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